Eastern Holding to launch $100m for new projects

Jordan-based Eastern Holding Group has announced it plans to launch $100m worth of new projects in the kingdom in 2010, Jordan Times has reported. The investment firm will finance 75% of projects in the fields of aviation, hospitality and industry, while the remaining amount will be financed by borrowing from local banks, vice-chairman, Osama Dabbas said. The group has business activities in the fields of airline, aviation training, flight services, security, water treatment and tourism and hospitality.